Property profile

7145 Magnolia Ave Riverside, CA 92504

OFF-MARKET
Office buildings
Property ID
US09-0997880
2,600 SF 0.27 ac lot Built 1979
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1979
Construction TILT-UP CONCRETE
Total area 2,600 SF
Lot 0.27 ac (11,761 SF)
Zoning code R0
APN 227-283-021
UPID US09-0997880

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Insurance Agency
  • Insurance Agency
  • Insurance Agency
  • Real Estate Agency

Location

7145 Magnolia Ave Riverside, CA 92504-3805
Riverside metro Census 31402 RIVERSIDE-SAN BERNARDINO-ONTARIO, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$560k
CAP Approach CAP
$815k
Comparable Approach Comparable
$874k
Blend (final) Blend
$570k

Owner & transaction history

since 2023
Last sale
$760,000
7 recorded transactions
2023
Price N/A
2022
Price N/A
2017
Price N/A
2015
$760,000
2013
Price N/A
2009
$745,000
2008
$350,000

Zoning & alternative use

R0 · Riverside, CA
Top alternative use upside
Auto repair, garage $1.2M +86.8%
Retail stores $925,000 +49.7%
Medical building $760,000 +23.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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